China Becomes World # 39; Biggest electric car market
Tesla, BYD Electric Car Jockey for World Domination.
Chinese BYD electric car manufacturer has sold the most electric cars last year, beating Silicon Valley Tesla, according to a new report from Bloomberg New Energy Finance analysts.
BYD delivered 102,500 electric vehicles electric vehicles to its customers in China last year, while Tesla has delivered more than 75,000 electric cars, mainly in North America but also in Europe and China, the report said.
However, with Tesla luxury electric vehicles more expensive, the car manufacturer in California was able to generate more revenue from its sales of BYD electric car, with its lower cost car models.
Tesla turnover from 6 to 35 billion electric car sales in 2016, while BYD saw sales of 3 to 88 billion of its electric car division revenue figures mean the Bloomberg New Energy Finance estimates based on the volume of cars sold, multiplied by the company's average retail price per region.
best-selling electric car model was Model S Tesla in the world, followed by Nissan Leaf and Tang Tesla BYD two models - the S and X - on the list of 10 best high sales, while BYD has three models - the Tang dynasty, Qin PHEV and E6 - the list.
Car manufacturers shipped nearly 700,000 electric cars in 2016, illustrating something a BYD fragmented market held about 15 percent of the global market last year, despite the sale of most cars, while Tesla held 11 percent the three models of electric cars held only 19 percent of the market in 2016, down from 29 percent in 2015, found the report.
The rankings show how nascent the emerging market for electric cars is still according to Macquarie Bank, there were 88 1 million cars and light commercial vehicles sold worldwide in 2016, this means that electric cars represent less than 1 percent of the number total cars sold last year.
The figures also show how different countries have very different markets and market leaders for electric cars BYD dominates China, with seven models sold there, while Tesla has just started to break into China and managed to triple then in 2016 its car sales to generate 1 billion from the region.
At the same time, were sold primarily in North America Tesla Model X and GM Volt Similarly, Mitsubishi Outlander and Zoe Renault were almost entirely sold in Europe.
The Renault group, Nissan and Mitsubishi has delivered a combined total of 104.460 cars worldwide last year if considered as a unit, this group would take the title of having delivered the most electric cars last year Renault and Nissan have created a strategic alliance in 1999.
Because the electric car market is so new, expect to change dramatically over the next few years Tesla plans to begin shipping its 35,000 Model 3 later this year, put in close competition with cheaper models Nissan, GM, Renault and BYD.
GM began selling its all-electric car with low cost of Bolt late last year, beating the 3 Tesla model on the market seem promising initial sales of GM bolt.
Meanwhile, Nissan also plans to launch a new generation version of its Nissan Leaf soon that could give a boost to sales of this model allows Ford to launch 13 models over the next five years, while Volkswagen wants to have 30 new models by 2025.
The domination of BYD and Tesla on the electric car ranking list also shows how two minds most famous businessman in the world - Elon Musk and Warren Buffett - move in more competition and jockeying for leads in different countries Buffett is a major investor in BYD.
It is not the first time that Musk and Buffett came into competition in energy markets Berkshire Hathaway Warren Buffett owns Nevada utility NV Energy, which butts heads with the solar company SolarCity SolarCity Musk eventually leave Nevada after the Nevada public utilities Commission has lowered the rate net metering and raises costs for rooftop solar customers.
Despite the market still emerging for electric cars, you can expect the amount of electric cars on the roads grow dramatically Bloomberg New Energy Finance said electric car sales increased by 55 percent between 2015 and 2016, and will likely grow 39 percent in 2017.
Morgan Stanley recently predicted that electric cars would offset 7 percent of the global auto market by 2025 Exane BNP Paribas said the global penetration of electric cars could be as high as 11 percent in that time.
However, the coming years will be a period of transition for automakers Large companies will invest in R & D and increasing the amount of electric car models they offer us policy changes to clean vehicle incentives can be on the way and an upstart like Tesla, which already invests heavily in R & D and new models will probably eventually seek to achieve an annual profit.
Tesla Electric Car BYD Jockey for World Domination Greentech Media, tesla jockey electric.